DeepSeek - Next Waves Insight

Reasoning Models Are in Production. The Cost Structure Has Changed Fundamentally.

April 3, 2026April 3, 2026 by Arjun Mehta

Reasoning Models in Production: The Cost Has Changed

3 min readGPT-o3, Gemini 2.5 Pro, and DeepSeek R1 are in production — but at $15–60 per million output tokens, costs are 8–40x higher than standard models. Most organisations have not rebuilt their infrastructure assumptions to account for it.

The Five AI Shifts That Actually Mattered in 2025

April 2, 2026September 3, 2025 by Arjun Mehta

4 min read2025 will be remembered not for the volume of AI announcements but for five shifts that had real structural weight. Models got smarter, cheaper, and started taking action — but the more important story was what each shift revealed about where the field was actually heading.